NEW DELHI: The union ministry of urban development has approved an investment of Rs 495.11 crore for water supply, sewerage networks and septage management, storm water drains, urban transport and provision of green spaces in 13 cities spread over six states under the Atal Mission for Rejuvenation & Urban Transformation (AMRUT) for 2015-16.

The central government will bear 90% of the project costs for cities in the north east and J&K, 100% for Puducherry and 50% of the cost in case of Goa.

The AMRUT mission seeks to ensure coverage of all urban households in 500 mission cities with water supply and sewer connections, augmenting water supply, sewerage network services and storm water drains besides promoting green spaces.

Of the total investments that have been approved, Rs 201.86 crore will be spent on augmenting water supply, Rs 116.10 crore on expanding sewerage networks and septate management, Rs 85 crore to augment urban transport with focus on non-motorised transport, Rs 77.37 crore on storm water drain projects and Rs 14.69 crore on providing green spaces.

With these approvals, the ministry of urban development has so far approved AMRUT action Plans for 2015-16 for 483 mission cities in 26 states and Union Territories with a total investment of Rs 20,491 crore in augmenting water supply including provision of water taps, expanding sewerage network services including provision of sewer connections to individual households, storm water drains, urban transport and green spaces.

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The unused Input Tax Credit (ITC) on goods and services lying with the property developers as on March 31 will be reversed for under-construction properties since the ITC stands to lapse from April 1 for such houses.